In the wake of shocking allegations of spot-fixing in Indian Premier League, a new standalone law to deal with such "dishonest practices" in all kinds of sports will be enacted soon.

Law Minister Kapil Sibal on Saturday said the new law was favoured by Attorney General G E Vahanvati as activities like match-fixing or spot-fixing are not covered under the present laws.

He told a press conference that the "dishonest practices like match-fixing and spot-fixing" need to be dealt with in a "holistic manner" and the new law was favoured instead of mere amendments to the Indian Penal Code.

"The first draft of the new law will be ready in three to four days," he said, adding it will then be sent to the Sports Ministry for further consultations and opinions of experts.